NETWORK PAYMENT TOKENIZATION FOR PROCESSING PAYMENT TRANSACTIONS

NETWORK PAYMENT TOKENIZATION FOR PROCESSING PAYMENT TRANSACTIONS

The present disclosure relates to systems, methods, and devices for network payment tokenization for processing payment transactions. In particular, the message system allows a consumer to initiate a payment transaction with a merchant. For example, one or more implementations involve identifying a...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Subbarayan Anand, Ganatra Namrata H, Nalla Vipan Reddy Raja
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
Online-Zugang:Volltext bestellen
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:The present disclosure relates to systems, methods, and devices for network payment tokenization for processing payment transactions. In particular, the message system allows a consumer to initiate a payment transaction with a merchant. For example, one or more implementations involve identifying a payment authorization number associated with a user account and sending a request for a payment token to a card network system associated with the payment authorization number. One or more embodiments receive a network payment token representing the payment authorization number and a single-use cryptogram corresponding to the payment transaction. Additionally, one or more embodiments generate and send a payment transaction initiation message including the network payment token and single-use cryptogram to the merchant for processing the payment transaction.